The Price to Book ratio is a formula that represents the most recent share price of a company compared to its book value per share (the residual dollar value for common shareholders after assets are liquidated and all debtors are paid).
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In recent years, however, the act of reading has undergone a rapid transformation, as devices such as the Kindle and iPad account for a growing share of book sales. (Amazon, for instance, now sells more e-books than hardcovers.) Before long, we will do most of our reading on screens lovely, luminous screens.
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And as I become more advanced on computers, maybe I'll start a Web site and share a message or have a prayer, promote my book.
Over the last three years, per-share book value has grown at a 14% annual rate.
Amazon still has a large share of the e-book market, but it's no longer 90%.
The stakes are high for the company as it seeks a greater share of the e-book market.
The book and the movement share a common faith in supremacy of individual liberty and the importance of limited government.
This share price results in a price to economic book value ratio of 1.0, implying no future growth in NOPAT.
However, tangible book value per share is a good measure of liquidation value, or the amount that shareholders can reasonably expect to receive should the company go under.
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What is clear is that the current share price, slightly below book value, is a bargain.
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Fairfax's book value per share has risen at a 40% annual rate since Watsa, who started out in the late 1970s as a money manager at a Toronto life insurer, took over in 1985.
Long story short: I wrote it as a chapter book instead of a coffee table book because I have a lifetime of material on the subject and I wanted to share it.
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Analysts are expecting the company to book a profit of 53 cents a share, up from 43 cents a year ago.
Analysts are expecting the company to book a profit of 96 cents a share, up from 84 cents a year ago.
Analysts are expecting the company to book a profit of 32 cents a share, up from 28 cents a year ago.
Analysts are expecting the company to book a profit of 87 cents a share, up from 72 cents a year ago.
Analysts are expecting the company to book a profit of 55 cents a share, up from 46 cents a year ago.
Analysts are expecting the company to book a profit of 51 cents a share, up from 38 cents a year ago.
Analysts are expecting the company to book a profit of 30 cents a share, up from 27 cents a year ago.
Analysts are expecting the company to book a profit of 11 cents a share, up from 8 cents a year ago.
Analysts are expecting the company to book a profit of 87 cents a share, up from 78 cents a year ago.
Analysts are expecting the company to book a profit of 54 cents a share, up from 36 cents a year ago.
Analysts are expecting the company to book a profit of 12 cents a share, up from 8 cents a year ago.
Analysts are expecting the company to book a profit of 87 cents a share, up from 75 cents a year ago.
Analysts are expecting the company to book a profit of 39 cents a share, up from 31 cents a year ago.
Analysts are expecting the company to book a profit of 54 cents a share, up from 48 cents a year ago.
Analysts are expecting the company to book a profit of 75 cents a share, up from 66 cents a year ago.
Analysts are expecting the company to book a profit of 47 cents a share, up from 40 cents a year ago.
Analysts are expecting the company to book a profit of 35 cents a share, up from 17 cents a year ago.
Analysts are expecting the company to book a profit of 13 cents a share, up from 7 cents a year ago.
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